Modeling the Impact of Warming in Climate Change Economics

Any economic analysis of climate change policy requires some model that describes the impact of warming on future GDP and consumption. Most integrated assessment models (IAMs) relate temperature to the level of real GDP and consumption, but there are theoretical and empirical reasons to expect tempe...

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Bibliographic Details
Main Author: Pindyck, Robert S.
Format: Working Paper
Language:en_US
Published: MIT Center for Energy and Environmental Policy Research 2010
Online Access:http://hdl.handle.net/1721.1/51719